The impact of revenue-sharing contracts on parallel shipping alliances

  1. Nerja Esteve, Adrián
  2. Sánchez Romero, María Dolores 1
  1. 1 Universidad de Murcia
    info

    Universidad de Murcia

    Murcia, España

    ROR https://ror.org/03p3aeb86

Revista:
Transport Economics and Management

ISSN: 2949-8996

Any de publicació: 2023

Volum: 1

Pàgines: 77-85

Tipus: Article

DOI: 10.1016/J.TEAM.2023.06.004 GOOGLE SCHOLAR

Altres publicacions en: Transport Economics and Management

Objectius de Desenvolupament Sostenible

Resum

In this paper, we explore the effect of revenue-sharing contracts between ports and shipping lines to counter the negative effects of parallel shipping alliances. We consider a vertical structure approach formed by port-shipping line chains, where ports are considered the upstream market, while shipping lines are the downstream market. Then, we propose the vertical integration of both chains as a solution to the loss of welfare because of the shipping alliance. We find that when ports may influence the downstream markets, welfare increases, and it is a proper ports response that port horizontal cooperation

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